Power Finance Corporation Ltd

Power Fin.Corpn. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Power Finance Corporation Ltd

₹ 442 6.27%
30 Apr - close price
pfcindia.com BSE: 532810 NSE : PFC
About

Power Finance Corporation Limited is a Systemically Important Non-Deposit taking NBFC registered with the RBI as an Infrastructure Finance Company. It is engaged in extending financial assistance to the Indian power sector. [1]

Key Points

Products & Services
The company finances infrastructure projects in the Indian Power sector. Its products include:
A) Fund-Based Products: Project Term loans, Lease financing for the purchase of equipment, Short/Medium Term loans to equipment manufacturers, Debt refinancing, etc.
B) Non-Fund Based Products: Deferred payment guarantee, Letter of Comfort (LoC), Policy for a guarantee of credit enhancement, etc. [1]

Website BSE NSE
  • Market Cap ₹ 1,45,716 Cr.
  • Current Price ₹ 442
  • High / Low ₹ 478 / 127
  • Stock P/E 10.6
  • Book Value ₹ 226
  • Dividend Yield 2.49 %
  • ROCE 9.08 %
  • ROE 18.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 21.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 31.0%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.83% over past five years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance - Term-Lending Institutions

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 10,084 9,672 9,326 9,723 9,626 9,870 9,034 10,078 10,355 10,185 10,139 11,787 11,852
Interest 5,885 5,804 5,739 5,672 5,688 5,572 5,462 5,685 5,996 6,141 6,621 6,963 7,174
1,406 1,073 824 700 1,055 1,099 1,030 720 684 -241 -153 36 526
Financing Profit 2,793 2,795 2,762 3,351 2,884 3,199 2,542 3,674 3,675 4,285 3,671 4,788 4,153
Financing Margin % 28% 29% 30% 34% 30% 32% 28% 36% 35% 42% 36% 41% 35%
2 2 0 36 5 4 3 0 9 1 3 1 2
Depreciation 3 4 3 4 4 3 5 4 5 5 4 4 5
Profit before tax 2,792 2,794 2,760 3,383 2,885 3,200 2,540 3,670 3,680 4,281 3,671 4,785 4,150
Tax % 16% 17% 18% 18% 17% 18% 17% 18% 18% 18% 18% 20% 19%
2,333 2,327 2,274 2,759 2,380 2,609 2,110 2,999 3,005 3,492 3,007 3,847 3,377
EPS in Rs 7.07 7.05 6.89 8.36 7.21 7.91 6.39 9.09 9.11 10.58 9.11 11.66 10.23
Gross NPA % 5.61% 4.75% 4.21% 3.91% 3.82% 3.67% 3.52%
Net NPA % 2.00% 1.76% 1.73% 1.31% 1.19% 1.07% 1.04% 1.00% 0.90%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 13,034 17,269 21,327 24,897 27,554 27,011 25,976 28,749 33,363 37,745 38,545 39,652 43,964
Interest 8,593 11,052 13,045 15,444 16,485 16,433 16,956 18,988 21,853 23,194 22,671 23,283 26,898
335 256 730 1,080 2,012 5,470 3,172 -44 3,315 4,517 3,676 2,190 168
Financing Profit 4,106 5,960 7,553 8,373 9,057 5,108 5,848 9,805 8,194 10,034 12,198 14,179 16,897
Financing Margin % 32% 35% 35% 34% 33% 19% 23% 34% 25% 27% 32% 36% 38%
4 13 10 11 10 7 4 17 7 185 43 11 8
Depreciation 5 6 5 6 6 6 6 6 9 11 13 19 18
Profit before tax 4,104 5,967 7,558 8,378 9,061 5,110 5,845 9,816 8,193 10,207 12,228 14,171 16,887
Tax % 26% 26% 28% 29% 33% 58% 25% 29% 31% 17% 18% 18%
3,032 4,420 5,418 5,959 6,113 2,126 4,387 6,953 5,655 8,444 10,022 11,605 13,724
EPS in Rs 9.19 13.39 16.42 18.06 18.52 6.44 13.29 21.07 17.14 25.59 30.37 35.17 41.58
Dividend Payout % 26% 21% 22% 20% 30% 62% 47% 0% 44% 31% 32% 30%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 6%
TTM: 12%
Compounded Profit Growth
10 Years: 10%
5 Years: 21%
3 Years: 27%
TTM: 28%
Stock Price CAGR
10 Years: 19%
5 Years: 37%
3 Years: 73%
1 Year: 224%
Return on Equity
10 Years: 16%
5 Years: 17%
3 Years: 18%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1,320 1,320 1,320 1,320 1,320 2,640 2,640 2,640 2,640 2,640 2,640 2,640 3,300
Reserves 19,388 22,256 26,055 30,899 34,446 33,830 34,316 40,648 42,524 49,753 56,710 65,562 71,145
110,126 139,473 159,215 187,773 200,484 202,588 236,785 295,239 310,275 332,959 327,434 370,368 394,548
4,742 6,180 7,574 8,672 10,386 19,403 6,168 6,199 6,348 6,732 7,626 6,263 7,084
Total Liabilities 135,575 169,229 194,164 228,664 246,637 258,461 279,908 344,726 361,787 392,084 394,410 444,833 476,077
76 74 71 66 64 63 27 28 68 73 80 78 87
CWIP 0 0 0 0 0 0 0 0 0 0 0 11 0
Investments 59 161 352 851 2,677 3,591 2,520 16,586 16,473 15,974 16,084 17,304 18,137
135,439 168,993 193,741 227,747 243,895 254,808 277,361 328,111 345,246 376,038 378,246 427,439 457,853
Total Assets 135,575 169,229 194,164 228,664 246,637 258,461 279,908 344,726 361,787 392,084 394,410 444,833 476,077

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-26,997 -25,089 -22,170 -21,462 -13,339 2,087 -24,708 -44,500 -8,486 -17,515 6,919 -35,741
-42 -93 -190 -472 -1,856 -475 1,428 -13,820 16 881 -211 -714
26,676 27,947 17,671 26,894 10,203 1,475 23,775 58,092 8,343 20,169 -9,705 35,756
Net Cash Flow -362 2,765 -4,689 4,961 -4,991 3,087 495 -228 -128 3,535 -2,997 -699

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 17% 20% 21% 20% 18% 6% 12% 17% 13% 17% 18% 18%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.99% 55.99% 55.99% 55.99% 55.99% 55.99% 55.99% 55.99% 55.99% 55.99% 55.99% 55.99%
17.35% 17.88% 16.71% 16.76% 16.21% 16.82% 16.85% 16.49% 17.49% 16.85% 17.85% 17.19%
19.37% 13.66% 13.58% 13.58% 12.74% 17.22% 17.87% 18.63% 18.10% 17.86% 17.47% 18.21%
7.28% 12.47% 13.72% 13.66% 15.05% 9.95% 9.26% 8.89% 8.42% 9.29% 8.66% 8.58%
No. of Shareholders 3,43,6903,21,5943,83,0464,17,3374,45,8344,60,8934,19,1224,29,3974,32,0845,33,3755,97,3157,07,579

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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